AT&T Inc. (NYSE:T) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,588 shares of the technology company's stock after buying an additional 18,899 shares during the period. Johnson Investment Counsel Inc.'s holdings in AT&T were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC bought a new stake in AT&T during the fourth quarter worth approximately $25,000. Putney Financial Group LLC bought a new stake in AT&T during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 0.0%

NYSE:T opened at $27.65 on Friday. The stock has a market cap of $198.92 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 3.85 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $29.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The stock's 50-day moving average is $27.51 and its two-hundred day moving average is $25.76.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. Barclays boosted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Oppenheimer increased their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.76.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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